MELBOURNE, Australia & NEW YORK--(BUSINESS WIRE)--Occupancy analytics leader XY Sense today announced that it won the Innovation of the Year Award at the CBRE Supplier Innovation Challenge for North America. The competition recognizes CBRE partner companies for their innovative contributions to serving the needs of CBRE clients.
XY Sense is a leading occupancy sensor and analytics company focused on delivering more accurate, cost-effective, and sustainable solutions for real estate professionals. The company’s winning entry emphasized the five key XY Sense differentiators that have made it the vendor of choice for many leading enterprise companies:
- The largest sensor coverage: each sensor observes 1,000 sq. ft or space for ~20 desks. Competitor sensors track less than half of that area.
- More accurate, real-time sensor readings: superior location precision to within one foot and location data refreshed every 2 seconds
- Lower cost installation: sensors daisy-chained together to use up to 90% less cabling, for lower installation costs than standard POE.
- The lowest total cost of ownership: 2-3x more affordable than other leading sensor solutions
- Privacy and security by design: no images stored or transmitted, only X,Y location coordinates
- Unsurpassed sustainability: fewer sensors needed, no batteries, less e-waste
“XY Sense is immensely proud of this win and the outstanding recognition it provides,” said Alex Birch, XY Sense Cofounder and CEO. “We created our occupancy sensors and analytics solutions to be superior on all important category dimensions. This award is doubly significant to our team because CBRE is both an important partner for us and an XY Sense client.”
The XY Sense win comes after a period of rapid growth for the company, which has more than tripled revenue in each of the past two years. Earlier this year, the company raised an $8.5M Pre-Series A funding round, led by InterValley Ventures with participation from strategic investor JCI Ventures, the corporate venture arm of Johnson Controls, and returning investor Blackbird, a leading Australasian VC.
XY Sense solutions now serve leading companies in automotive, banking, consumer packaged goods, data security, government, Internet, media, pharmaceutical manufacturing, software development, technology, telecom, and other industries across the Americas, APAC, and EMEA.
About XY Sense
XY Sense is the global leader in occupancy analytics. The company’s occupancy sensors and platform capture real-time occupancy and people movement data to help workplace teams better plan, use and monitor their office space. Insights from the XY Sense platform power cost efficiencies, more productive and collaborative environments, and amazing workplace experiences for employees. For more information, visit xysense.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.